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The title of my address today is "Oil and Gas Valuations - A Simplistic View of Some Critical Issues". Alternatively I could have called this address "Pitfalls for investors' and corporates in accessing Independent Experts Reports" 'as in this brief 12 minute talk I will briefly comment on some common misconceptions with regard to the valuation of exploration areas and production interests, and comment on how the draft release guidelines address these issues.

Jan 1, 1989

The purpose of this paper is to review recent approaches by regulators, employers and employees and their associations to the introduction of flexible employment practices and the management of fatigue related risk. More importantly, it will focus on developments in our law either through legislative change and cases which have dictated trends. The paper particularly considers the limitations imposed by occupational health and safety legislation to resist or limit the move to flexible workplace practices on the basis that such practices are unsafe.

Jan 1, 2003

By Braes J. R, Neale J. R

The New Broken Hill Consolidated Limited (NBHC) mine currently produces 1.42 million tonnes of silver, lead and zinc ore annually. All of this ore is treated by the NBHC milling ccx[plex. This paper describes the crushing, grinding, flotation and filtration circuits used in the treatment of this ore and lists the major items of equignent used in these circuits. Metallurgical results, manning levels and consumption rates of reagents and grinding media are shown.

Jan 1, 1983

By D A. Aitzhanova, E Zh Omirzakova

The Republic of Kazakhstan has well developed mining and metallurgical complex. In modern conditions, when deposits of useful minerals are running thin, it is very important to find additional sources for obtaining necessary products. As our investigations showed different kinds of waste may be used for producing of different kinds of products, which are successfully applied in different branches of KazakhstanÆs economy. Analysis of ways for increasing of complex use of mineral raw materials of different deposits, widening raw mineral materials base and decreasing negative effects on the environment, are presented in this paper.

Jan 1, 2003

By Groudeva VI

The biohydrometallurgy of gold is based on different processes which could be grouped into four main groups (Attia, Litchfield and Vaaler, 1985; Karavaiko et al, 1988; Groudev, 1990): 1. bacterial oxidation of gold-bearing sulphide minerals by chemolithotrophic bacteria to facilitate the subsequent chemical extraction of gold; 2. solubilisation of gold from oxide ores by means of heterotrophic bacteria; 3. recovery of gold from solutions by biosorption; and 4. microbial modifications of the surface of gold-bearing sulphide minerals to improve the subsequent gold concentration by physical dressing methods (eg flotation, oil agglomeration).

Jan 1, 1993

By Wilson T, Stone M, Mattiazzo R

The regulation of environmental management in the minerals and petroleum industries has been undergoing considerable change over the past decade. In recent years, there has been a distinct trend towards smaller government and increased environmental awareness. Current regulatory systems have generally neither responded to these trends nor effectively dealt with the demands placed on them. There is a need to develop a more effective means of providing assurance to Government and the community that its environmental objectives are being met. These means must also enable industry to have an effective environmental management process.

Jan 1, 1993

The law including legislation such as the Occupational Health & Safety Act 1983 imposes stringent obligations on employers to ensure the health and safety of their employees. The use of pre-employment medical examinations is one tool that employers can use to assess the suitability of a job applicant for a particular position and protect themselves from prosecution or claims for compensation or damages.At the same time, however, legislation such as The Disability Discrimination Act 1992 (Commonwealth) ("DDA") and The Anti-Discrimination Act 1977 (New South Wales) ("ADA") affords protection to individuals against discrimination.

Jan 1, 1998

By Larsen E. R

We discuss the concept of optimal cut-off grade policies and their advantages in terms of maximisation of net present value of mining operations. There are indications, however, that such optimal policies are not widely used in the mining industry. In order to explore why this is the case we identify a number of stakeholders who may have diverging interests in the operating policies of a given mine. These various interests are mapped and a number of important relationships are explored in a large qualitative systems dyanmics model.

Jan 1, 1995

As world demand for various minerals increases the mining industry in its endeavour to satisfy this demand will, eventually,look to the extraction of orebodies which previously may have been uneconomical to mine. These orebodies may be of two types. Firstly, new low grade orebodies and secondly, remnant sections of previously mined orebodies. Some of the factors relative to remnant mining operations are discussed and the potent- ial of remnant mining in providing an important contribution to future world metal production is considered.

Jan 1, 1975

The bureaucracy in Victoria has worked against exploration and mining development. There is no doubt that the new Mineral Resources development Act has simplified matters on the mining side of the system. However, WMC's Bendigo and Deep Lead experiences demonstrate that other parts of the bureaucracy can cause serious delays. The mining industry continues to view the approval process causal of excessive costs and delays compared with other States (and countries) and prohibitive to investment in Victoria.

Jan 1, 1992

The paper explains the genesis of the Ballarat College of Advanced Education to its unique position in mining engineering education. A description follows of the development of the Graduate Diploma in Occupational Hazard Management which commenced in 1979 in the cooperative mode of four groups of three weeks full- time study followed by twenty-three weeks in industry. In particular an analysis will be given of the state of origin of students, ages and employing industries. Given the experience from the evolution of this course a similar process is described for the Graduate Diploma in Mining which has been accredited to commence early in 1987.

Jan 1, 1986

By Miskelly N

The Joint Committee of The Australasian Institute of Mining and Metallurgy (AusIMM) and the Australian Mining Industry Council (AMIC) have published a Code for the Reporting of Identified Mineral Resources and Ore Reserves. The Code is the result of an initiative begunin 1971 to achieve industry self regulation of Resources and Ore Reserves reporting which resulted first in guidelines for reporting standards but which have now been incorporated in ASX Listing Rules as a Code withsignificant sanctions ensuring compliance. This paper describes the background to the Code, its key provisions, and comments on practical aspects of1 working with the Code and compliance issues.

Jan 1, 1990

Much of New Zealand is comparatively young geologically in the sense that it has only recently been uplifted. In many places young marine sediments are to be found at high altitudes, as evidenced by the existence in the North Island of Pliocene shell limestones which form prominent escarpments at altitudes of about 3000 ft. inthe central part of the Island, and remnants of the same formation found on the summits of the northern Ruahin.e Range at altitudes greater than 4000 ft.

Jan 1, 1962

Transport infrastructure constitutes, since always, an essential link between regions, countries and continents, for economical, commercial and human purposes. Permanently growing mobility needs, which are encountered in the whole world, lead to a more and more clear necessity to increase and modernise these transport infrastructures, as well in quantity as in quality, for all transport modes, and for all what is able to be transported, from people to consumption goods and energy. With only very few exceptions, transport infrastructure achievements have for long been the concern of the sole public authorities, at the various levels, which put them, mostly free of charge or at very low cost, at the disposition of the user or the customer.

Jan 1, 1999

The New Zealand experience has shown that the trend in technologi- cal change in gold extraction can be characterised by a systems approach which grows progressively broader with advances in understanding and allowing for an increasing number of factors. The Australian experience has demonstrated that the elements of developing an exportable process include allowing projects to prolifer- ate where substantial entrepreneural involvement is likely to occur. In both countries useful technological breakthroughs were invariably discarded when first tried at operations not well established and under great pressure of achieving and maintaining production. It required the efforts of persistent individuals at operations which had become bedded in and profitable, to follow the initial work up and commercialise it.

Jan 1, 1988

The Australian underground contract mining industry has grown from almost nothing 25 years ago to the point today where half the countryÆs underground mines are using contractors to produce their ore and do their development. This growth was driven by the need to change poor industrial relations and work practices in sectors of the industry, along with the needs of many small gold mine owners to preserve their capital by using contractors to do their mining. The industry is dominated by two major privately owned contractors with a number of other publicly and privately owned contractors making up the balance of the market. This paper discusses the important trends in the contract mining industry and the directions it may take in the next few years.

Jan 1, 2005

The paper discusses how automation is steadily proceeding throughout all areas of the electrolytic zinc industry. Fluid bed roasters with integral sulphuric acid plants are now on -computer control. Highly efficient, continuous leaching and purification stages, with feed-forward predictive and optimisation computer control, precede electrolytic cells with on-stream solution analysers and automatic stripping of deposited zinc. Controlled electric induction furnaces feed continuous casting lines, equipped with automatic stacking and strapping, machines, after computer based metal analysis has confirmed metal purity or alloy composition. The paper also discusses the use of computer models tied to process control systems, and the equipment and solution measurements that could be automated with advantage, using modern micro-based controllers and analysers.

Jan 1, 1985

Petroleum exploration is proceed ing in Western Australia at an ever- increasing pace. Results in recent years have been very successful, with the discovery and development of the Barrow Island oilfield and the Dongara gasfield, and the discovery of several major gas-condensate fields on the Northwest Shelf. The Northwest Shelf discoveries will have a big impact on the economy of the State by providing an abundant indigenous source of energy. Prospects for further large dis- coveries are believed to be excellent. The most prospective areas are thought to be on the continental shelf in the Carnarvon, Browse, Perth, Canning, and Bonaparte Gulf Basins.

Jan 1, 1973

Most of the world' s continental' shelves are .primarily . esozoic-Tertiary phexicmena. Those ,of south,eap- ern Australia are' no exception, although cam-plicated by possible TTmelon-seed" type block upthrusts in the region of the Bass Strait (e.g. King Island, Wilson's Promontory etc.) These terraces represent the progressive infilling and seaward. outgrowth of enormous volumes of tern g_enous sediments into the marine environment. Asa consequence they constitute the preferred habitats, of, petroleum.The Gambier ,sub-basin forms part of the southern Australian-continental terrace where it opposes the (3000 fathom), Jeffrey deep. The'purpose of'this paper is to discuss its nature, structure,_ and developmental history in re-lation to its oil prospects.

Jan 1, 1962

Thermo Fisher Scientific is a supplier of samplers, instruments, analysers and consumables to the mining industry under the Thermo Scientific brand. The critical need to provide a representative sample to the analyser has played a pivotal role in product development. Products discussed are the Analysis and Sampling Station (AnStat) for mineral slurries, the Coal Quality Manager (CQM) and the prototype Bore Hole Analyser (BHX) with optional drill chip recovery system. Analytical techniques used in the above products are XRF, PGNAA and LIBS respectively. The company also designs and supplies conventional mechanical sampling equipment and complete sampling systems for bulk material applications (historical Ramsey brand). These products and application of them are presented.

Jan 1, 2008